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Mr. Robin

Mr. Robin

Property Adviser, Sydney

Top Property Locations for Profit in Australia Revealed

6Mo ago 0 Replies 125 Views
Sellers in Hobart could be the most likely to make a profit, new research shows. Find out which council region in your city is delivering the best gains.

Hobart experienced the highest proportion of properties that sold at a profit during the September quarter of 2019.

One way to spot a strong local housing market is to check how many properties are reselling at a profit, according to research house CoreLogic.
They just released the Pain and Gain report for the September quarter of 2019, revealing the top property hotspots around Australia for profit-making sales.

Sellers in Hobart were the most likely to experience capital gains though, with 98.1% of properties selling at a profit over the three months to September. In fact, in some Hobart council regions, 100% of property resales were profitable according to the report.

Regional Victoria and regional Tasmania followed, with 96.6% and 96.4% of sales making a profit, respectively. In fact, regional markets thrived in general, outperforming the capital cities, with 88% of regional resales profitable compared to 87.1% of the state capitals.

Top property hotspots for profitable sales in capital cities
These locations recorded the highest percentage of all sales out of all local government areas in Australia’s capital city regions, according to CoreLogic:
  1. Brighton, Derwent Valley and Glenorchy in Hobart, plus Peppermint Grove in Perth and Macedon Ranges in Melbourne: 100% profit-making sales.
  2. Moorabool, Melbourne: 98.9% profit-making sales.
  3. Mosman, Sydney, plus Clarence in Hobart: 98.6% profit-making sales.
  4. Melton, Melbourne: 98.3% profit-making sales.
  5. Wyndham, Melbourne: 98.2% profit-making sales.

Check out a city-by-city breakdown below.

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